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About the Role

The Assistant Vice President performs compliance reviews across the bank to assess compliance with BSA/AML and OFAC, and/or consumer and bank regulatory regulations, rules and requirements. The AVP needs to possess knowledge and practical experience with BSA/AML and OFAC, and/or consumer and bank regulatory compliance regulations, rules and requirements, and have experience in compliance testing and/or auditing function. The AVP conducts compliance reviews under supervision of a lead tester, and may be assigned lead tester under certain conditions.

Responsibilities

Perform compliance testing of the bank’s compliance controls, identify issues and make recommendations, and report the result.
Identify potential compliance risks and recommend resolutions or escalate for further investigation.
Develop test scripts corresponding to the scope of the review under supervision.
Assess the design and operating effectiveness of tested controls.
Collaborate with business lines to develop remediation plans for identified control weaknesses.
Track and validate the implementation of remedial actions to ensure issues are resolved.
Participate in preparing review reports for management detailing scope, testing approach, and results.
Perform team operational tasks and controls, such as reporting and time tracking.
Monitor regulatory activities and industry developments to identify trends and emerging issues impacting the bank and the compliance testing program.
Assist in enhancing the Compliance Review Program.

Requirements

Knowledge of U.S. Banking regulations and compliance practices.
Knowledge of compliance testing and/or auditing processes and practices.

Skills

BSA/AML
OFAC
Consumer and bank regulatory compliance
Compliance testing
Auditing

Location

Work Type

Full-time

Experience Level

5 years of work experience in Compliance Testing, Audit or equivalent area within financial services industry

Education Level

Bachelor’s Degree required
JD, MBA or Master’s Degree preferred
CAMS Certification preferred but not required

Salary/Compensations

USD $65,000.00 - USD $150,000.00 /Yr.

About the Company

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions.
Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.